HP Inc. (NYSE:HPQ - Get Free Report) insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now owns 169 shares of the company's stock, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
HP Trading Up 0.4 %
NYSE:HPQ traded up $0.11 during midday trading on Tuesday, hitting $27.80. 6,494,417 shares of the stock were exchanged, compared to its average volume of 7,466,017. The business has a 50-day moving average price of $31.28 and a two-hundred day moving average price of $33.91. The company has a market capitalization of $26.20 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a one year low of $27.30 and a one year high of $39.80.
HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.
HP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.16%. HP's payout ratio is currently 41.37%.
Analyst Ratings Changes
Several research firms have recently commented on HPQ. TD Cowen lowered their target price on HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. Morgan Stanley lowered their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. StockNews.com upgraded shares of HP from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Finally, Sanford C. Bernstein lifted their price objective on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.14.
View Our Latest Research Report on HP
Institutional Trading of HP
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new position in shares of HP in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the fourth quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of HP during the fourth quarter valued at $36,000. OFI Invest Asset Management acquired a new position in shares of HP in the 4th quarter valued at $37,000. Finally, Itau Unibanco Holding S.A. purchased a new position in HP in the 3rd quarter worth about $40,000. 77.53% of the stock is owned by institutional investors and hedge funds.
About HP
(
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HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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